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Protection Of Ecological And Cultural Values Of Watersheds Under The Convention On Biological Diversity And The International Covenant On Civil And Political Rights [Abstract], Morihiro Ichikawa
Allocating and Managing Water for a Sustainable Future: Lessons from Around the World (Summer Conference, June 11-14)
2 pages.
Stakeholder Protection In Germany And Japan, Mark J. Loewenstein
Stakeholder Protection In Germany And Japan, Mark J. Loewenstein
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This Essay considers the stakeholder debate in the context of the German and Japanese legal systems. Although, nominally, corporations in those countries must operate in the interests of shareholders, in fact nonshareholder constituencies have considerable influence on corporate decision makers. Of equal importance, weak securities markets and ineffective or nonexistent legal protections for shareholders are also important factors in strengthening the position of nonshareholder constituencies and freeing directors to consider their interests. Thus, the stakeholder debate is more of an issue in the United States and Britain, where more shareholder-centic models flourish.